Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. The standard deviation provides insight into the distribution of values around the mean. If the standard deviation is small, in general, the more narrow

3. The standard deviation provides insight into the distribution of values around the mean. If the standard deviation is small, in general, the more narrow the range between the lowest and highest value. That is, values will cluster close to the mean. From your descriptive statistics, describe the standard deviations of Salary, Hrly Rate, Yrs Worked, Education, and Age. What does this tell you about the variables?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intro Stats

Authors: Richard D. De Veaux, Paul F. Velleman, David E. Bock

3rd edition

321533283, 321533289, 9780321463708, 9780321503848, 9780321503800, 9780321499431, 9780321499417, 978-0321500458

More Books

Students also viewed these Mathematics questions